Share:
  • The cryptocurrency market's carnage takes another twist on Monday.
  • Bitcoin and major altcoins are nursing double-digit losses.


The optimism vanished into thin air as Bitcoin (BTC) and all major altcoins have been under aggressive selling pressure for the last three days. Monday has started with another bearish wave that took the total capitalization of all digital assets in circulation to as low as $272 billion from $311 billion this time on Sunday. The figure dropped below $300 billion handle for the first time n recent two weeks. Bitcoin's market share increased to  65.9% as altcoins are doing even worse.

Top-4 coins price overview

Bitcoin (BTC/USD) is hovering around $10,000 handle after sliding to $9,843 during early Asian hours. The first digital coin has touched the lowest level since July 2 amid strong bearish pressure. A sustainable move below $10,000 handle will worsen the technical picture significantly and become a pre-condition for an extended sell-off.

Ethereum, the second largest digital asset with the current market capitalization of $23. billion is a big loser of the day. ETH has lost nearly 20% of its value in recent 24 hours and hit $202.86 low during early Asian hours. At the time of writing, ETH/USD is changing hands at $216.80, moving within a strong bearish trend on the short0term timeframes.

Ripple's XRP has lost 9.1% since this time on Sunday to trade at $0.3018 by the time of writing. The third largest digital asset with the current market capitalization of $12.8 billion pierced below $0.30 handle and touched an intraday low at $0.2945.

Litecoin (LTC/USD), now the fourth largest digital asset in the global cryptocurrency rating with the current market value of $5.5 billion. At the time of writing, LTC/USD is changing hands at $88.40, having recovered from the intraday low of $84.85 hit during early Asian hours. The coin has lost nearly 1% in recent 24 hours.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Join Telegram

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

XRP price stuck under $0.65 despite Bitcoin hitting $38,000 three times in one week

XRP price stuck under $0.65 despite Bitcoin hitting $38,000 three times in one week

Ripple (XRP) and Bitcoin (BTC) prices do not show parity. Despite both featuring among the crypto top three, Ripple price is stuck under $0.6500 while Bitcoin has managed to foray north, testing the $38,000 psychological level for the third time in a week.

More Ripple News

FTX token FTT jumps 8% as exchange wins approval to start selling $744 Million in Grayscale and Bitwise assets

FTX token FTT jumps 8% as exchange wins approval to start selling $744 Million in Grayscale and Bitwise assets

FTX token (FTT) has jumped 8% following news that a US bankruptcy court of Delaware has allowed the now-defunct cryptocurrency exchange to move forward with a November 6 request.

More FTX News

Optimism price slips under critical support as $40 million worth of OP due to flood market Thursday

Optimism price slips under critical support as $40 million worth of OP due to flood market Thursday

Optimism (OP) price has dropped 5% in the last day, but trading volume is up a stark 15% over the last 24 hours as of press time. The disparity comes amid expectations of more tokens in the OP market relative to what traders are willing to buy at current prices.

More Optimism News

Pando becomes thirteenth BTC ETF applicant as BlackRock presents revised in-kind model

Pando becomes thirteenth BTC ETF applicant as BlackRock presents revised in-kind model

Amid the ongoing spot Bitcoin ETFs race, a new player has joined the marathon. Pando Asset AG has become the thirteenth applicant even as the US Securities & Exchange Commission (SEC) continues to engage with prospective issuers.

More Cryptocurrencies News

Three key BTC accumulation levels before ETF approval in January 2024

Three key BTC accumulation levels before ETF approval in January 2024

Bitcoin, from a high time-frame perspective, has been in an up-only trend since the start of 2023. BTC has ignored many sell signals due to the likelihood of an Exchange-Traded Fund approval. With the holidays around the corner, falling liquidity could see BTC discounted from its current level, hovering around the $37,000 region.

Read full analysis

BTC

ETH

XRP